FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 452, 8 June 1937, Page 8

FINANCIAL NEWS

BASE METAL MARKET PRICES STILL FALLING London, June 4. The official London (middle) quota* tions for Friday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

FOREIGN EXCHANGES

On New Zealand Currency Basis. The Bank of New South Wales, Wellington, quoted the following rates tor their purchases and sales, of foreign exchanges:

The Associated Banks (other than the Bank of New South Wales) quoted the following dollai’ rates on Saturday on a New Zealand currency basis, They are subject to alteration without notice.

U.S.A. Doi. Canadian Doi. Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.95 5-16 3.95 7-16 O.D. 3.96 13-16 3.96 15-16 Buying O.D. 4.00 1-8 4.00 3-16

N.Z. Pound Abroad. Bassd on figures quoted by the Bank of Naw South Wales, the New Zealand pound, compared with its original par value, is eiuivalent to approximately:— 16/1 in London £l/0/1 in Australia. 16/3 in U.S. 16/3 In Canada. 14/3J in France. 16/3 in Italy. 9/7J in Germany. £l/8/13 in Japan., 11/9J In Java. •

‘ Pe June 3. r ton. June 4. Per ton. Copper— Standard, spot 58 1 10 57 12 6 Ditto, forward 57 16 3 56 13 9 Electrolytic, . . G3 0 0 62 0 G Wire Bars .. . . 65 0 0 64 0 0 To .. 65 0 0 64 0 0 Lead — Spot .. 23 19 6 23 17 6 Forward .... .. 23 15 0 23 13 9 Spelter— Spot .. 22 13 9 23 3 9 Forward .... .. 22 18 9 22 7 6 Tin— — Spot . 253 7 6 251 2 6 Forward .... . 251 17 6 249 17 6 Silver— Fine . 22d 21 15-16d Standard per oz. 2C > 3-8d. 20 5-16d

New Zealand on Buying. Selling. London T.T. 124 124/10/£N.Z. to £ stg. 100 . O.D. 123/10/- 124/8/9 Australia .. T.T. — — £A to £100 O.D. 101 J00/-'/-FHi T.T. — £F to £100 O.D. 90/7/6 89 New York .. T.T. 3.98.90 3,95.22 Doi. to £. O.D. 3.99.90 3.95.62 Montreal .. T.T. 3.98.92 3.95.44 Doi to £. O.D. 4.00.17 3.95.84 Austrft. .... T.T. — 20.68 Schgs. to £ O.D. — 20.70 Belgium .... T.T. — 23.3*5 Crs to £ .. O.D. — ■23:394 Czechoslovak T.T. — 122.71 Crs to £ . O.D. — 112.76 Crs to £ .. o.p. - 113.01 Denmark .... T.T. 18.203 17.893 Kr. to £... O.D. 18.263 17.903 France T.T. —- 88 "0 Frs. to £. O.D. — 88.74 Germany T.T. — 9.805 R M. to £. O.D. — 9.810 Holland .... T.T. 7.34* 7.153 Els. to £ .. O.D. 7.404 7.157 Italy . T.T. — 75.07 Lire to £ .. O.D. — 75.12 Java T.T. 7.321 7.161 Els. to £ .. O.D. 7.381 7.133 Switzerland .. T.T. 17.476 17.280 Frs. to £ . O.D. 17.581 17.211 Norway .... T.T. 16.183 15.893 Kr. to £.. O.D. 16.241 15.901 Sweden .... T.T. 15.785 15.490 Kr. to £.. O.D. 15.845 15.500 Shanghai ... . T.T. 17J 18i Dd. to 1 dol. O.D. 17 23-32 18-15-64 Hong Kong . T.T. 18 7-64 18 39-64 d. to 1 dol. O.D. 18 5-64 18 19-32 India and Ceylon .... T.T. 22 3-8 22 21-32 d. to rupee. O.D. 22 11-32 22 41-64 Japan T.T. — 17 15-32 d. to 1 yen O.D. — 17 29-64 Singapore T.T. 34 23-32 1 35 13-64 d. to 1 dol. O.D. 34 5-8 35 3-16